3 Harris RoadEast BaldwinME04024
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in East Baldwin at 3 Harris Road, East Baldwin, ME, 04024 offers a 10.8% rental yield on a $415,000 purchase with $3,734/mo rent. Total monthly income registers $3,734/mo, and a $2,031/mo payment leaves $1,115/mo available for distribution. Annual cash flow reaches $13,381/yr on $137,573 to close, and return on cash invested stands at 29.64% in year one. Equity gained on principal adds $2,678/yr while 5% annual appreciation supports $114,657 over five years. Portfolio math shows five-year ROI at 155.19% and total cumulative return in cash at $213,501. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,734/mo property income against a $2,031/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 04024, East Baldwin, ME area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 211 (100%) |
| Owner Occupied HU | 176 (83.4%) |
| Renter Occupied HU | 21 ( 10.0%) |
| Vacant Housing Units | 14 ( 6.6%) |
| Median Home Value | $344,737 |
| Average Home Value | $341,719 |
Housing Distribution
Address Breakdown
Residential
176
Single Family
176
Multi-Family
0
Businesses
17
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Listed by: N/A • Amnet Realty
Mls Name: Maine Listings
Mls ID: #1646697